July 24

Ichimoku Stock Trade of the Week 7-19-13 : CVX , Chevron

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On July 12, 2013, we received an Ichimoku 6 Time frame buy on the Stock CVX, Chevron.   Here is the email:

The daily was setup but the risk would be high so we are going to trade the 4h time frame.   On the 4h, the entry would be a pull backed to the red line (Tenkan Sen) at 123.84, initial stop of 122.85, and a preserve mode value of 127.32.     The max initial risk is 1.00 and the min. reward is 3.48.  This would give us a min. reward/risk of 3:1 i.e. 300%.  Here is the chart setup.

We reached preserve mode two days ago and just got stopped out for a profit at 126.90.

 

 

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Tags

CVX, Day Trading, etf, Ichimoku, nasdaq, nsye, sectors, stock, Stocks


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